Practice Some Economics and Commercial Knowledge Questions for CA Foundation (20 June 2024 Exam)

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Q1. What is not production in economics

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Q2. The cobweb theory propounded by_________

[{"selector":"#anim-1529d5f1-fd50-41e3-9790-e49307b2d05c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-101c7eb1-2642-494d-b1da-15405b56f726","keyframes":{"transform":["translate3d(-104.53333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-93c6d0f9-4f5f-4da2-b8a0-7b8c5e952d1d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca977251-eaa8-4255-84c3-8b61a62e1043","keyframes":{"transform":["translate3d(-104.42708%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-936a2fad-85f2-41a1-a426-20ccf338fe2a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a67e1d36-5c8a-475b-8165-996e1d8baf9b","keyframes":{"transform":["translate3d(-108.77193%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0dd7882-f043-4ebb-aab8-0dbf0f098dcb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ae05ac42-9210-4274-9b86-744d6374f486","keyframes":{"transform":["translate3d(53.48102%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Green Flower Learn more

Q3. According to_________ trade cycle is a purely monetary phenomenon.

[{"selector":"#anim-77296ad2-625c-4e61-b6e3-fa71f23bab53","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f96c6fac-c2de-49e8-b633-5cc1c5894e16","keyframes":{"transform":["translate3d(-104.53333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-05073aa5-3f89-4654-9f1a-974f1ac801c4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-325e1f72-eef6-4b06-b028-8e672f9741f3","keyframes":{"transform":["translate3d(-104.42708%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-477c0ea4-1fd6-4b95-9ef3-6acc795176e7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3bc11c01-8027-44ae-a566-72f424d292fa","keyframes":{"transform":["translate3d(-108.77193%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c35d795-0c1d-4aba-8cc5-6058b215bf61","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-17272bd7-3f7c-4c86-914c-6eedf1460ee2","keyframes":{"transform":["translate3d(53.48102%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Green Flower Learn more

Q4. Who is the Father of Economics

[{"selector":"#anim-44df2532-574f-4205-922a-8aa1f80aa88f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c3556e1b-6492-4d74-a59f-8c9eb7bcda8e","keyframes":{"transform":["translate3d(-104.53333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd50834f-ce42-47d8-8731-2fcf0a9f79ad","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c29ad210-8d6c-4406-9c02-f3a725eb20f2","keyframes":{"transform":["translate3d(-104.42708%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c789c472-a513-4250-8f79-7666fb4a0eef","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a64dc0d6-ad40-45d5-9408-5a4a1e8b6059","keyframes":{"transform":["translate3d(-108.77193%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a3f9613c-d3e6-4c2a-893a-14bbb4331279","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99c13e59-b59c-46be-aeea-19b9664e4769","keyframes":{"transform":["translate3d(53.48102%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Green Flower Learn more

Q5. Human's wants are

[{"selector":"#anim-d4251042-7e92-4ebc-805f-47ef9dd088bd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04c5e423-f127-4f64-a786-44d5f04fdd69","keyframes":{"transform":["translate3d(-104.53333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b67be80c-9ee8-4aaf-949e-62348493bb5a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ffbe0ea-7c49-4731-9a45-2790ad6a2393","keyframes":{"transform":["translate3d(-104.42708%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9dd687a3-431b-4c1b-833a-9d20a6ea3304","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a16656ec-7d5c-4f45-a5bf-fafa01bd2c85","keyframes":{"transform":["translate3d(-108.77193%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-176574fb-f511-4abb-9247-326b0bc84ae2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e055ba06-258a-43bf-b329-e9b691c967c2","keyframes":{"transform":["translate3d(53.48102%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Green Flower Learn more

Q6. A study of how increases in the corporate income tax rate will affect the national

[{"selector":"#anim-4f8e2cb3-7af6-490e-ae0a-f962e4100e13","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b7b7c6a4-31b9-476f-afc6-1daf05158f41","keyframes":{"transform":["translate3d(-104.53333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bec19c6c-1eb2-4cba-93f6-3a8af07f54f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-563ab7e2-ff59-4b94-aab4-144c279008e1","keyframes":{"transform":["translate3d(-104.42708%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a6eb8a8a-78ce-4fa6-a004-6d03aef6550f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dbd7512b-5d53-4d0f-9507-e0373a33a08a","keyframes":{"transform":["translate3d(-108.77193%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-617fcfb5-26b1-4307-90d0-2d824f91fbfe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-715de786-aa64-4999-93de-1289dedb8145","keyframes":{"transform":["translate3d(53.48102%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Green Flower Learn more

Q7. Under Perfect Competition, the Firms Demand Curve is-

[{"selector":"#anim-ce8992e4-2384-4a14-80da-818c94d4c997","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-03c6490e-e6a4-4b5a-bbcb-a938bb037927","keyframes":{"transform":["translate3d(-104.53333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0dfce799-8850-4143-bf52-7f1155d9331f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-35482c98-1e16-451d-8cbd-40b44056f08b","keyframes":{"transform":["translate3d(-104.42708%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ff6632c0-caaf-40f2-82c3-b21b2743e84d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-426b4dbd-717b-450a-8da4-cd31a2c1f577","keyframes":{"transform":["translate3d(-108.77193%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-206dff58-5e96-4363-af99-202c0664b3e0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4de4066f-1d0e-42de-9dff-a2e57caedc9a","keyframes":{"transform":["translate3d(53.48102%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Green Flower Learn more

Q8. Which of the following is not within the scope of Business Economics?

[{"selector":"#anim-12e7255a-7066-4cd0-894b-81e23f23036c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c52e480f-206e-47df-874f-281c31255b67","keyframes":{"transform":["translate3d(-104.53333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa33a061-d6fa-4c34-a107-5b82259983a2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-16810a07-0574-4d8d-b882-f524f446ca5b","keyframes":{"transform":["translate3d(-104.42708%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96ff6359-3cdc-4953-af0e-b8114833e629","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cce065d2-27ba-42db-891f-65397017780d","keyframes":{"transform":["translate3d(-108.77193%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-abe7e7ec-e886-4fa8-a0d6-c4e1699ea53c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-034a125c-d22d-4932-9eee-1b388b3653b9","keyframes":{"transform":["translate3d(53.48102%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Green Flower Learn more

Answer key 1. Ans. C 2. Ans. B 3. Ans. D 4. Ans. B 5. Ans. A 6. Ans. A 7. Ans. A 8. Ans. D

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Practice Some Economics and Commercial Knowledge Questions for CA Foundation (20 June 2024 Exam)

Q1. What is not production in economics

(a) Addition of Utility (b) Creation of Utility (c) Creation of matter (d) None of the above Checkout Last Page for Answer

Select Your Answer:

Q2. The cobweb theory propounded by_________

(a) Schumpeter (b) Nicholas Kaldor (c) Pigou (d) Marshall Checkout Last Page for Answer

Select Your Answer:

Q3. According to_________ trade cycle is a purely monetary phenomenon.

(a) Pigou (b) Schumpeter (c) Keynes (d) Hawtrey Checkout Last Page for Answer

Select Your Answer:

Q4. Who is the Father of Economics

(a) Marshall (b) Adam Smith (c) Keynes (d) J.B. Say Checkout Last Page for Answer

Select Your Answer:

Q5. Human's wants are

(a) Unlimited (b) Limited (c) Both (d) None of the above Checkout Last Page for Answer

Select Your Answer:

Q6. A study of how increases in the corporate income tax rate will affect the national

(a) macro-economics (b) descriptive economics (c) micro-economics (d) normative economics Checkout Last Page for Answer

Select Your Answer:

Q7. Under Perfect Competition, the Firms Demand Curve is-

(a) Horizontal Line, parallel to X Axis (b) Vertical Line, parallel to Y Axis (c) Negatively Sloped (d) Kinked Checkout Last Page for Answer

Select Your Answer:

Q8. Which of the following is not within the scope of Business Economics?

(a) Capital Budgeting (b) Risk Analysis (c) Business Cycles (d) Accounting Standards Checkout Last Page for Answer

Select Your Answer:

Answer key 1. Ans. C 2. Ans. B 3. Ans. D 4. Ans. B 5. Ans. A 6. Ans. A 7. Ans. A 8. Ans. D

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